Hindustan Petroleum Corporation Limited

Sector: Oil and Gas, Refining, Marketing  |  HQ: Mumbai, Maharashtra  |  Founded: 1974  |  Employees: ~10,000

Listed as: NSE / BSE listed; Maharatna PSU (subsidiary of ONGC)  |  NSE / BSE  |  Ticker: HINDPETRO.NS  |  Website →

Key people

• Pushp Kumar Joshi (Chairman and MD)

Company overview

Hindustan Petroleum Corporation Limited (HPCL) is the third major Indian public sector oil marketing company, with refineries at Mumbai, Visakhapatnam (Vizag), and the HPCL Mittal Energy joint venture at Bathinda (Punjab). HPCL became a subsidiary of ONGC in 2018 following a strategic transfer. Total refining capacity is approximately 22 MMTPA on a standalone basis and 33 MMTPA including the HMEL joint venture.

Business model

Refining, retail marketing, LPG distribution under HP Gas brand, lubricants, natural gas distribution, and renewable energy investments.

Operating segments

Recent developments

May 2026

PSU Oil Marketing Companies, including HPCL, have issued public assurances of uninterrupted fuel and LPG supply amid rising demand, dismissing shortage concerns and urging the public to avoid panic buying [1][2][3]. The companies emphasise stable product availability across India, with regional updates from Assam and Rajasthan confirming adequate petrol and diesel stocks [7][8][9].\n\nIn financial markets, HPCL shares rose up to 3% on news of a fuel price hike, mirroring gains across BPCL and IOC [4][5]. Earnings momentum and India fuel demand remain key focus areas for HPCL investors as the company navigates the current demand environment [6]. Separately, HPCL signed a strategic agreement with Mahindra's Charge_iN initiative to develop EV charging infrastructure at HPCL retail outlets, signalling continued progress on clean energy transition initiatives [10].

Sources (10)

1. PSU Oil Marketing Companies Assure Uninterrupted Fuel Supply Amid Surge in Demand - PIB · PIB · Thu, 21 May 2026
2. Oil companies assure uninterrupted fuel supply across India amid stable availability and rising demand - Rising Kashmir · Rising Kashmir · Thu, 21 May 2026
3. OMCs dismiss fuel and LPG shortage concerns, urge public not to rely on rumours - Zee News · Zee News · Thu, 21 May 2026
4. HPCL, BPCL, other OMC shares rise up to 3% on fuel price hike - TradingView · TradingView · Tue, 19 May 2026
5. HPCL, BPCL, IOC Gain on Fuel Price Hike - HDFC Sky · HDFC Sky · Tue, 19 May 2026
6. Hindustan Petroleum Corp Ltd stock (INE094A01015): earnings momentum and India fuel demand in focus - AD HOC NEWS · AD HOC NEWS · Thu, 21 May 2026
7. Adequate availability of petrol & diesel across the state of Assam: IOCL - The Economic Times · The Economic Times · Mon, 18 May 2026
8. Fuel, LPG supplies remain normal across Assam, says Indian Oil Corporation Limited - India Today NE · India Today NE · Mon, 18 May 2026
9. Rajasthan: Adequate petrol, diesel available; public urged to avoid panic buying - Cityairnews · Cityairnews · Tue, 19 May 2026
10. Charge_iN by Mahindra Signs Strategic Agreement with HPCL to develop Electric Vehicle Charging Infrastructure at HPCL Retail Outlets - Mahindra · Mahindra · Fri, 20 Mar 2026

Financial performance and recent trajectory

HPCL reported FY25 revenue of approximately ₹4.65 lakh crore. ONGC holds approximately 54.9 percent. The Vizag refinery is undergoing capacity and complexity upgrade.

Stock performance and shareholder context

HPCL (NSE: HINDPETRO, BSE: 500104). Strong dividend yield typical of OMC.

12-month price trajectory

Monthly closes over the last 12 months. Source: Yahoo Finance.

Competitive position

Lubricants franchise (HP Lubes) is a category leader. Southern India retail footprint is strong.

Key risks

Same as other OMCs.

Outlook

Refinery capex completing through FY27-28 and renewable energy transition.

KAMRIT point of view

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Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.